Item 6- Staff Briefing Resource, Generation, and Climate protection Plan Update — original pdf

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Resource Generation Plan Process Update Lisa Martin Deputy General Manager & Chief Operating Officer, Austin Energy May 21, 2024 © Austin Energy Topics to Cover Reaffirming Values and Setting Goals 1 2 3 4 Moving Forward Team of Experts Stakeholder Engagement & Timeline 2 Re-affirming Community Values and Priorities Austin Energy Resource, Generation, and Climate Protection Plan Reliability Sustainability Affordability 3 2030 Update 2035 Plan Adjust from a mid-course 2030 update to building a 2035 Plan to align generation portfolio goals. Engage in a more robust, collaborative process to ensure a conversation addressing the needs of Austin’s community, rooted in shared values of reliability, environmental sustainability and affordability and a common understanding of risks and challenges. 4 Moving Forward Data Gathering & Research Continue efforts to collect accurate, up-to-date information on technologies to ensure goals are reasonable and achievable Stakeholder Engagement Outside Expertise Ensure robust, collaborative process that addresses needs of the Austin community Leverage trusted community leaders and industry experts to deliver well-rounded viewpoints 5 The Team Stakeholder Engagement & Charrettes Energy Industry Expertise & Research Third-Party Analytics Firm Scenario Modeling & Analysis Current Pricing & Feasibility Data 6 Request for Proposals (RFP) Gather Current Data Across Technologies Renewable and Carbon-Free Generation RFP includes wind, solar, batteries, geothermal and fuel cells Storage & Flex Fuel Will issue RFPs specific to battery storage and flexible-fuel generation Plan Integration RFP submissions will enable comparisons regarding environmental impact, operational efficiency, and costs 7 Stakeholder Engagement Austin Energy Resource Generation Plan Lynda Rife Founder & President 88 Stakeholder Engagement Goals Rifeline Serve as a neutral party to: • Create a common understanding of Austin Energy's mission of safely delivering clean, affordable, reliable energy and excellent customer service. • Ensure that Austin Energy hears from diverse voices whose values are reflected in the mission of reliability, sustainability and affordability. • Create a common understanding of energy options and technology and its subsequent costs and benefits. • Develop an informed consent process regarding the range of solutions appropriate to support a growing customer base in the changing energy market in a responsive and responsible way. 9 Stakeholder Engagement Process Rifeline • Develop a series of stakeholder workshops or charrettes • • • • Invitation to organizations that represent different perspectives Informed Consent model: provide information and options Each event is iterative and has its own outcome Interactive table discussions and report outs • Electric Utility Commission Gather feedback and keep them informed and engaged on the process forward • Austin Energy Utility Oversight Committee Report out as needed 10 Stakeholder Engagement Process Rifeline Invited Participants: • 5 – 7 representing sustainability: environmental advocates, clean energy practitioners, etc. • 5 – 7 representing reliability: hospitals, nursing homes, manufacturing, grocery stores • 5 – 7 representing affordability: housing advocates, nonprofits, small business • 5 – 7 representing demographics & geography: students, senior citizens, impacted communities Meetings will be open to the public. 11 Stakeholder Engagement Process Rifeline June 7 Workshop 11:30-1:30: • Electricity 101 • Austin Energy’s mission and definitions • Shared values • Building a Generation Plan July Workshop: • Current and future state • Risks and tolerances • Energy and technology options August Workshop: • Value measurement and goal setting frameworks • Balancing priorities September Workshop: • Reviewing outcomes Subject to updates as needed 12 ©Austin Energy. All rights reserved. Austin Energy and the Austin Energy logo and combinations thereof are trademarks of Austin Energy, the electric department of the City of Austin, Texas. Other names are for informational purposes only and may be trademarks of their respective owners.